Monday, September 15, 2008

Bloomberg: Asian Stocks Extend Global Rout Worldwide

Sept. 16 (Bloomberg) -- Asian stocks plunged the most in
six months, extending a global rout, led by creditors of Lehman
Brothers Holdings Inc.
and commodity producers after raw-
material prices slumped.

Mitsubishi UFJ Financial Group Inc., the largest Japanese
bank, dropped 9.8 percent in Tokyo. Babcock & Brown Ltd., among
Australia's biggest losers from the global credit crisis, sank
32 percent. American International Group Inc., seeking funds to
avoid failure, plunged 61 percent yesterday in New York, part of
the biggest tumble in U.S. stocks since the September 2001
terrorist attacks.

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